RockTenn will acquire Illinois-based paperboard and paper-based packaging company, Smurfit-Stone Container. The Georgian paper and packaging manufacturer will pay a total of $3.5 billion for the acquisition. As part of the agreement, RockTenn will fund the deal through 50% cash and 50% RockTenn stock. The financial advisor to buyer was Wells Fargo Securities, while Smurfit-Stone was financially advised by Lazard.

Click here for the release from Business Wire.